Reinsurance News
MetLife
MetLife finalises $10bn variable annuity risk transfer with Talcott
2nd December 2025
MetLife, Inc., a provider of insurance, annuities, and employee benefit programmes, has finalised its previously announced $10 billion variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company, a life insurance and annuities subsidiary of Talcott Financial Group. The company expects an annual reduction in adjusted earnings ... Read the full article
BBC Pension Scheme finalises £6bn longevity swap with Zurich & MetLife
20th November 2025
The BBC Pension Scheme has completed a longevity swap transaction, covering approximately £6 billion of pensioner liabilities for around 21,000 members, with global insurer Zurich reinsurer MetLife. The deal is designed to provide the BBC Scheme - and the BBC as its sponsor - with further protection against the financial risk ... Read the full article
MetLife acquires 20% of LatAm insurtech Klimber
23rd September 2025
Global insurer MetLife has acquired a 20% stake in insurtech Klimber, a partnership that aims to transform how insurance is accessed and distributed throughout Latin America. This achievement, the firm stated, strengthens Klimber's position in the evolving digital insurance landscape in the region. The insurtech’s platform allows its partners in the banking, ... Read the full article
Talcott enters into $10bn reinsurance agreement with MetLife
1st May 2025
Talcott Financial Group, a life insurance provider specialising in risk solutions, has entered into a block reinsurance transaction of approximately $10 billion through its subsidiary, Talcott Resolution Life Insurance Company (Talcott Resolution), with Metropolitan Life Insurance Company (MetLife). The transaction is structured on both a modified coinsurance and funds-withheld basis, as ... Read the full article
MetLife adds former Swiss Re CEO Mumenthaler to Board of Directors
26th February 2025
Former Swiss Re Group Chief Executive Officer (CEO), Christian Mumenthaler, has been elected to join the Board of Directors of MetLife, Inc., a global provider of insurance, annuities, and employee benefit programs, effective May 1, 2025. Mumenthaler's career at Swiss Re Group spanned more than 25 years. During this time, he ... Read the full article
Ranked by 2023 NPW, health carriers again dominate list of world’s largest insurers
3rd January 2025
In terms of net premiums written (NPW), health insurance companies continued to dominate in 2023 as four out of the top five were US-based health insurers, with UnitedHealth Group holding on to the top spot for the 10th year in a row with NPW growth of 13%. Our ranking of ... Read the full article
Airways Pension Scheme completes £340m longevity swap with MetLife
19th December 2024
The Trustees of the Airways Pension Scheme have completed a £340 million longevity swap transaction with Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, and Zurich UK. This arrangement aims to help to mitigate the financial risks associated with increasing lifespans, as well as to enhance the long-term security for ... Read the full article
MetLife & General Atlantic to launch Chariot Re in 2025
11th December 2024
MetLife, Inc. and General Atlantic have revealed the formation of Chariot Reinsurance, Ltd. (Chariot Re), a to-be-registered Class E Bermuda-based life and annuity reinsurance company. Cynthia Smith, a 30-year veteran of MetLife, is expected to lead Chariot Re as CEO. Meanwhile, Toby Srihiran Brown, MetLife's Global Head of Reinsurance, and Graves ... Read the full article
MetLife enters into £450m longevity swap with Merchant Navy Ratings Pension Fund
3rd December 2024
The Trustee of the £1 billion Merchant Navy Ratings Pension Fund (MNRPF) has entered into a transaction with Metropolitan Life Insurance Company (MetLife) to manage longevity risk of around £450 million of pensioner and dependant liabilities. This transaction provides long-term protection to MNRPF against costs resulting from pensioners or their dependants ... Read the full article
Pension de-risking surge as 93% of sponsors plan full liability divestment: MetLife
25th November 2024
LIMRA, a research and consulting organisation in the insurance and financial services industries, reports that pension risk transfer (PRT) transactions increased by 14% in the first half of 2024 compared to the same period in 2023. Meanwhile, MetLife, a global provider of insurance, annuities, and employee benefit programmes, reports in its ... Read the full article
MetLife names Srihiran Brown as Global Head of Reinsurance, Dill to succeed as Chief Auditor
5th September 2024
Life insurer MetLife Inc. has named Toby Srihiran Brown as the Global Head of Reinsurance, effective October 1st, 2024. He will report to John McCallion, Chief Financial Officer of MetLife, Inc., and Head of MetLife Investment Management. Brown's appointment will address the expanding scope of MetLife’s reinsurance activities. In this role, he will ... Read the full article
MetLife closes $19bn reinsurance agreement with Global Atlantic
16th November 2023
Life insurer MetLife has announced it has completed a $19 billion risk transfer transaction with Global Atlantic Financial Group, a retirement and life insurance company. The deal sees Global Atlantic reinsuring a diversified portfolio of MetLife’s US retail annuity and life insurance business, reinforcing Global Atlantic’s position as a leading reinsurer ... Read the full article
Record 89% of U.S. companies eye full divestment of pension liabilities: MetLife’s 2023 Poll
5th October 2023
The U.S. pension risk transfer market is on a record-breaking trajectory, with an overwhelming 89% of companies planning to divest all their defined benefit (DB) pension plan liabilities, according to MetLife's 2023 Pension Risk Transfer Poll. This indicates that the momentum witnessed in recent years is set to continue, with an ... Read the full article
MetLife makes several key leadership appointments
27th June 2023
MetLife Inc., one of the world’s leading financial services companies has made several leadership changes. The firm has announced that Steven J. Goulart, Chief Investment Officer and President of MetLife Investment Management, will retire on August 31, 2023, in line with the firm’s age-65 retirement policy. At the same time, MetLife Chief ... Read the full article
Global Atlantic and MetLife sign $19.2 billion reinsurance agreement
25th May 2023
Leading financials services company Global Atlantic Financial Group and life insurer MetLife, Inc. have entered into a reinsurance agreement valued at $19.2 billion. The deal will see Global Atlantic reinsuring a diversified portfolio of MetLife's U.S. retail annuity and life insurance business, reinforcing Global Atlantic's position as a leading reinsurer in ... Read the full article
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